Forex market reviews

The latest report from the Finance Magnates Intelligence Department shows that Latin America is the new bright spot on the global forex trading map. For the first time ever Brazil tops the forex industry’s average deposit ranking in January 2017.

The euro/dollar pair closed up on Tuesday. The single currency found some support from Le Pen's lacklustre performance in the French presidential debate as well as from the British pound, which strengthened after the release of inflation figures in the UK.

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On Monday the 20th of March, trading on the euro closed slightly up. A tall upper shadow has formed on the daily candlestick. The exchange rate fell yesterday from a maximum of 1.0777 to 1.0725. What is strange is that the euro depreciated on the back of growth on the EUR/GBP cross and a slide in US bond yields. The low buyer activity seen is surely connected to the televised French presidential debate that took place last night. They're important for the French, who look yet to decide on a favourite candidate.

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